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Auslanco - GBP/JPY and GBP/USD (newstrade)

  • #225,921
  • May 23, 2010 4:29pm May 23, 2010 4:29pm
Quoting Raza
Wanna see 1 hr E/U count...Valid until wave#1 gets taken out

im thinking the same,,and want to short the usd/chf right now!

lol,but do see a straddle/range for the next leg up .. ? wht do you see ? break the supp? ..1.4507
  • #225,922
  • May 23, 2010 4:37pm May 23, 2010 4:37pm
Quoting Allseeingeye
Lets hope that this will change with more people like Rand Paul being elected , because if it doesnt we wont be trading much longer.
I would love to see one of them get the big job. At least the people would get a bit of a say in things while the big transitioning happens.

I campaigned for RP in Iowa and a few places but alas, my conviction that anything good can ever come from the city of Columbia is pretty low these days, I don't hope for political solutions much anymore.
  • #225,923
  • May 23, 2010 4:42pm May 23, 2010 4:42pm
Quoting fullhouse
im thinking the same,,and want to short the usd/chf right now!

lol,but do see a straddle/range for the next leg up .. ? wht do you see ? break the supp? ..1.4507
1.45??? you must be talking about E/A... If so it will eventually...I have not had time to do any analysis over the weekend...

For U/CAD ..i may be wrong...lets see...I should stop adding Shorts.... AND GIVE IT A dAY OR tWO...I SEE MONTHLY WITH A hAMMER AT THE bOTTOM.....

U cad is also a Huge CUP AND hANDLE oN 4 HR cHART BESIDES A dOUBLE TOP!!!!
Markets are not Random, they are designed!
  • #225,924
  • May 23, 2010 4:43pm May 23, 2010 4:43pm
Quoting Cod
I would love to see one of them get the big job. At least the people would get a bit of a say in things while the big transitioning happens.

I campaigned for RP in Iowa and a few places but alas, my conviction that anything good can ever come from the city of Columbia is pretty low these days, I don't hope for political solutions much anymore.
I agree because I see how BLIND Society is about whats going on around them. If a people can allow a Government to INJECT THEIR MOST PRECIOUS POSSESION with 32 VACCINES before the age of 15 filled with Animal DNA & Mercury for the sake of their childrens health then they DESERVE whats coming. HOW STUPID & BLIND must we be to allow a TOXIC CHEMICAL that destroyes Human Organs to be put in our water supply under the premise that its good for our teeth! Its very very very SAD!
  • #225,925
  • May 23, 2010 4:47pm May 23, 2010 4:47pm
Quoting Allseeingeye
Do yourself a favor & flip the cad upside down & then tell me about your tandem!
Hey it is easy to overlay the currency over the G/Y, flip it and say now they are in tandem ... What I see is though in the next month or so is a reverse of where the currencies are trading opposite to each other to a more movement in tandem... Usually these pairs are opposites under the cloud of risk aversion almost 90% of the time but as risk appetite returns this correlation reverses itself... Nothing more...
Traderdesk -
  • #225,926
  • May 23, 2010 4:50pm May 23, 2010 4:50pm
Quoting Raza
1.45??? you must be talking about E/A... If so it will eventually...I have not had time to do any analysis over the weekend...

For U/CAD ..i may be wrong...lets see...I should stop adding Shorts.... AND GIVE IT A dAY OR tWO...I SEE MONTHLY WITH A hAMMER AT THE bOTTOM.....

U cad is also a Huge CUP AND hANDLE oN 4 HR cHART BESIDES A dOUBLE TOP!!!!

no ,talkinhg about the usd/chf ... i dont know what is his mission ,,,straddle for a next spike up ,or busy topping and supp is gone @1.1450 ... but i did go with the gutfeel and short it... ratio was to good not to do it..30 pip stop /250 limit .. its a tricky one ..oh well

i posted a chart about this one over the weekend ..but not so sure,until supp is broken .. would love to see the supp is gone,,, then i can add on to it ,,its an easy setup actaully (if supp is broken) clear and obv...

im off, let he do his thing,,will see on monday whats the damage !
  • #225,927
  • May 23, 2010 4:56pm May 23, 2010 4:56pm
Quoting Traderdesk
Hey it is easy to overlay the currency over the G/Y, flip it and say now they are in tandem ... What I see is though in the next month or so is a reverse of where the currencies are trading opposite to each other to a more movement in tandem... Usually these pairs are opposites under the cloud of risk aversion almost 90% of the time but as risk appetite returns this correlation reverses itself... Nothing more...
tHEN YOU MUST BE phsycic! hOW CAN YOU TELL ANYONE WHAT IS GOING TO HAPPEN IN 2 MONTHS CAN YOU PLEASE TALK REALISTCLY BECAUSE I HATE ARGUING AGAINST PHSYCICS its IMPOSSIBLE to prove them wrong until the 2 months have past! Plus we are NOT trading Futures we are trading Spot market & in 2 months I more then likely be short USD/CAD at around 118-120
  • #225,928
  • May 23, 2010 5:01pm May 23, 2010 5:01pm
Quoting Allseeingeye
tHEN YOU MUST BE phsycic! hOW CAN YOU TELL ANYONE WHAT IS GOING TO HAPPEN IN 2 MONTHS CAN YOU PLEASE TALK REALISTCLY BECAUSE I HATE ARGUING AGAINST PHSYCICS its IMPOSSIBLE to prove them wrong until the 2 months have past!
Tell you what...I don't need to be a "psychic" to look at PA and history of PA...Also I am not here to argue but to share opinions... Wish you best of luck in your trading...
Traderdesk -
  • #225,929
  • May 23, 2010 5:01pm May 23, 2010 5:01pm
Quoting Raza
1.45??? you must be talking about E/A... If so it will eventually...I have not had time to do any analysis over the weekend...

For U/CAD ..i may be wrong...lets see...I should stop adding Shorts.... AND GIVE IT A dAY OR tWO...I SEE MONTHLY WITH A hAMMER AT THE bOTTOM.....

U cad is also a Huge CUP AND hANDLE oN 4 HR cHART BESIDES A dOUBLE TOP!!!!
my sentiments EXACTLY & the handle should bottom around 1.0450 area. Plus the wedge plus the wave count so you must be seeing why I say the deck is stacked against shorts.
  • #225,930
  • May 23, 2010 5:16pm May 23, 2010 5:16pm
Quoting fullhouse
i would love to know ,where is your selling area for a "move " lower... can you pls light it up for me ...
1.3329 was the last short I added before the one @ 1.2647.

Oops, we're talking about GBPJPY. I have shorts in place @ 130.48 and 129.66. Cable I'm short @ 1.4458.
Every time you use 'hopium' in a post, God kills a kitten.
  • #225,931
  • May 23, 2010 5:27pm May 23, 2010 5:27pm
Quoting Allseeingeye
my sentiments EXACTLY & the handle should bottom around 1.0450 area. Plus the wedge plus the wave count so you must be seeing why I say the deck is stacked against shorts.

i do actually see that usd/cad is the best trade by far ,if we talk now about breakout trades .... after the handle is forming and the breakout of the cup,will be enormous ...

we can be on the lookout of a possible bull flag of the making of the handle on 1 hour ... look at my chart where sit 1.0450
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  • #225,932
  • May 23, 2010 5:44pm May 23, 2010 5:44pm
raza be carefull for usd bearish ... i closed all mine off ..
  • #225,933
  • May 23, 2010 5:46pm May 23, 2010 5:46pm
Quoting fullhouse
raza be carefull for usd bearish ... i closed all mine off ..
im short for now 1.0635we will at least close the gap 1.0590 area but i think we will go further down now till we get close to 1.0450 area to complete wave 4 & the handle
  • #225,934
  • May 23, 2010 6:42pm May 23, 2010 6:42pm
Quoting fullhouse
i do actually see that usd/cad is the best trade by far ,if we talk now about breakout trades .... after the handle is forming and the breakout of the cup,will be enormous ...

we can be on the lookout of a possible bull flag of the making of the handle on 1 hour ... look at my chart where sit 1.0450
U/CAD handle has already formed Squeeze your 4 hr Chart...You will see a Huge CUP and Huge Handle...Right now its making a Handle of an Handle...lol...
Markets are not Random, they are designed!
  • #225,935
  • May 23, 2010 6:53pm May 23, 2010 6:53pm
Quoting Raza
U/CAD handle has already formed Squeeze your 4 hr Chart...You will see a Huge CUP and Huge Handle...Right now its making a Handle of an Handle...lol...
you need to go go 38.2% to 50% to form a handle we have not done that yet plus a corrective wave has a 3 wave count & we are presently in that third wave down! GOOD LUCK
  • #225,936
  • May 23, 2010 6:56pm May 23, 2010 6:56pm
Quoting Raza
U/CAD handle has already formed Squeeze your 4 hr Chart...You will see a Huge CUP and Huge Handle...Right now its making a Handle of an Handle...lol...
Handle

The handle begins to form after the failed retest of the swing high. The asset will then retrace roughly 38.2% to 50% of the cup. The smaller the retracement, the greater odds of success. Once the handle completes this minor correction, it will then breakout above the two recent swing highs, with an increase in volume. The target of the cup and handle formation is calculated by adding the depth of the cup to the breakout level.
  • #225,937
  • May 23, 2010 7:04pm May 23, 2010 7:04pm
Quoting Allseeingeye
Handle

The handle begins to form after the failed retest of the swing high. The asset will then retrace roughly 38.2% to 50% of the cup. The smaller the retracement, the greater odds of success. Once the handle completes this minor correction, it will then breakout above the two recent swing highs, with an increase in volume. The target of the cup and handle formation is calculated by adding the depth of the cup to the breakout level.
...

Lets see what Kinda Depth we will see.....
Markets are not Random, they are designed!
  • #225,938
  • May 23, 2010 7:06pm May 23, 2010 7:06pm
Quoting Raza
...

Lets see what Kinda Depth we will see.....
I am looking for 1.05- 1.0450
  • #225,939
  • May 23, 2010 7:46pm May 23, 2010 7:46pm
if gj breaks 129.70 support, then 129 next sure target
LOL
  • #225,940
  • May 23, 2010 7:48pm May 23, 2010 7:48pm
Quoting karimfx
if gj breaks 129.70 support, then 129 next sure target
i short it @130.39 with sl 130.85 tp 128.90
LOL
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